Saturday, April 13

Continental Breakfast

8:00 am

Can US Treasury Markets Add and Subtract?

Roberto Gomez Cram, New York University
Howard Kung, London Business School
Hanno Lustig, Stanford University and NBER

Discussant:
Quentin Vandeweyer, University of Chicago

8:50 am

International Portfolio Frictions

Wenxin Du, Harvard University and NBER
Alessandro Fontana, European Insurance and Occupational Pension Authority
Petr Jakubik, International Monetary Fund
Ralph S. J. Koijen, University of Chicago and NBER
Hyun Song Shin, Bank for International Settlements

Discussant:
Antonio Coppola, Stanford University

Break

10:10 am

Interest-rate Risk and Household Portfolios (slides)

Sylvain Catherine, University of Pennsylvania
Max Miller, Harvard University
James Paron, University of Pennsylvania
Natasha Sarin, Yale University

Discussant:
Daniel Greenwald, New York University and NBER

11:00 am

Keynote Speaker: Steven N. Kaplan, University of Chicago and NBER
Private Equity: Past, Present and Future (slides)

Lunch - Room 621

1:00 pm

Why is Asset Demand Inelastic? (slides)

Carter K. Davis, Indiana University
Mahyar Kargar, University of Illinois Urbana-Champaign
Jiacui Li, University of Utah

Discussant:
Valentin Haddad, University of California, Los Angeles and NBER

1:50 pm

Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds

Lorenzo Bretscher, University of Lausanne
Lukas Schmid, University of Southern California
Tiange Ye, University of Southern California

Discussant:
Anna Pavlova, London Business School

Break

3:00 pm

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

Naz Koont, Columbia University
Yiming Ma, Columbia University
Lubos Pastor, University of Chicago and NBER
Yao Zeng, University of Pennsylvania

Discussant:
Marco C. Sammon, Harvard University

Adjourn